Set to take effect June 25th, the capital gains inclusion rate will be
increased from one-half to two-thirds for capital gains of over $250,000 per
year for Canadians on all corporations and most types of trusts with principal
residences being exempt. Meaning all transactions completing after June 25th
will be subject to 66% taxation. The Government of Canada projects this will
rake in $19.4 Billon in tax dollars over five years. Read the article below for more information on the capital gains tax hikes.
